Obama's Housing Plan, Feb 2009 editionMy first take:Mostly smoke and mirrors. Complex, conditional -- mostly dependent on willing participation by upside-down borrowers and their lenders. End result : much less effect than projected. Not enough funding to make much difference against the scale and scope of the issue, anyway.Anti-capitalist in its conception, therefore likely to keep smart money away -- to continue waiting for the inevitable further drops in prices. Further delays the economic recovery.(Smells a bit like Paulson's plan from 2008.)February 18 2009 - US11YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.